Bengaluru: Infosys has joined the Indian company elite club with $ 100 billion or more in market capitalization.
The only other is Reliance Industries, TCS and HDFC Bank, with a $ 186 billion M-caps, each $ 180 billion and $ 116 billion.
The historical milestone was achieved in morning trade on Tuesday when the stock infosys touched a year of Rs 1,755 at BSE.
This took MCAP to $ 100.7 billion.
Stock closed at Rs 1,720, down 1%.
On the New York Stock Exchange (NYSE), M-Cap Infosys approached $ 100 billion in morning trade.
While Infosys takes 20 years to reach $ 50 billion in M-CAP, the next $ 50 billion only requires more than a year, the amazing growth rate under the CEO of Salil Parekh.
IT companies see intelligent recovery from pandemics, thanks to the desires of their clients for digital transformation through clouds and increased focus on data and analytics.
Former Infosys CFO Mohandas Pai said, “In 1994, Infosys had an assessment of $ 100 million.
In 27 years, he has crossed $ 100 billion, and this is a good story.
The increase in infosys reflects the rise of India after the liberalization and revival of the Global IT service industry .
It should come early, except the interference caused by the company.
“Marti G Subrahmanyam, who is Professor Charles E Merrill from Finance, Economics and International Business at the Stern School of Business in New York University, and who is in the Infosys Council from 1998 Until 2011, remember that when he joined the company, this has a revenue of $ 47 million and 1,500 employees.
“They lift the bar for corporate governance ethics in India.
The council is not only jewelry to see.
My view is respected and I have some heated debates with management.
Secret sauce is good governance, values ​​and ethics, hard work and vision NRN, “he said.
It has been a fairytale journey for the Bengaloru company which began by NR Narayana Murthy along with six others in 1981.
It was registered in the Indian stock market in 1993 and became the first Indian registered company to register on the US stock exchange, Nasdaq, in 1999.
Infosys have long been regarded as a gold standard for corporate governance among Indian companies.
“When in doubt, always express,” is Murthy’s mantra.
In last year’s webinar, Murthy said, “The good thing about the founder of Infosys is that they are high aspirations, they are confident, they are hardworking and have good value, but we have a little money.
For the first 13 years, no one of us is Having a car, we all live in a rented house …
Therefore, there is a slight dissatisfaction between several couples.
“Vallabh Bhanshali, founder and chairman of six groups and who helped launch IPO Infosys, said,” For me, the value of the infosys is located not so Many in the close market as much in what has been done to raise aspirations between Bhartiya, get all the admiration.
How it can happen only with better governance has contributed greatly to the gradual transformation of the world of corporation.
$ 100 billion is only a medium milestone for companies Young and hungry, “he told Toi.
When six concluded the IPO InfoSys, this problem has “almost subscribed”.